Anyone waiting for BTC price went down under $7,000?

[BenjaminVanHouten]

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

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[Silberman]

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

Right now we are not that far away from 9k you will need an even more bearish market for that to happen and while this is not the best moment of bitcoin I do not see many selling their bitcoins for such a low price, so if that is the point of entry to the market you are looking it is possible you will need to wait for a long time and it is possible we never see it again.

[jseverson]

That's a weirdly specific value. Did you see an analysis that says Bitcoin will bottom down at $7000? $8500 is perfectly fine for investing and even day trading in my opinion.

Seems to me like this recent dip from $11k was caused by news of the Binance bot hack and the Mt. Gox trustee, so Bitcoin should bounce back once those issues blow over. I don't see $7000 happening unless we get some sudden weird development again.

[Palmerson]

You can never predict the price of bitcoin. Such forecasts are not correct. But I see that now bitcoin has a great potential for growth. I read in the news that a lot of big bitcoin owners are selling their coins now. Perhaps the fall in prices due to this. Once the coins find their new owners the price will go up. I'm sure of it. Those who sell bitcoins now will regret it.

[BenjaminVanHouten]

I just think that no one can predict it's outcome. If you look at the chart https://i.imgur.com/vaD27wk.png you will see that recently there was a major dip which the price went down to $6,656.

You just don't know what's in people mind.

[barota]

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

There are people waiting for the price drop to 4000 per btc ; I agree with them
A few months ago prices were 2000
bitcoin rise a lot . so has to return to reasonable prices

[cellard]

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

There are people waiting for the price drop to 4000 per btc ; I agree with them
A few months ago prices were 2000
bitcoin rise a lot . so has to return to reasonable prices

I know some people at the workplace which are extremely bitter since the MtGox days, they FUD Bitcoin because they didn't follow my advice to buy back then, now all of these guys are just hoping to buy back in at $1300... yes I said it right, $1300. There's people with really low entry point expectatives.

Im telling them that they must not wait that much because it will never happen. I said that in my opinion, the dream entry point is $3000. They will probably not listen and they will buy back in at $30,000 a year from now.

[Virtual miner]

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

Right now we are not that far away from 9k you will need an even more bearish market for that to happen and while this is not the best moment of bitcoin I do not see many selling their bitcoins for such a low price, so if that is the point of entry to the market you are looking it is possible you will need to wait for a long time and it is possible we never see it again.

Yes maybe you are right. It is gonna be a long time wait as of the current market scenario. So all those who are thinking might have to re think their decision and watch out for the market trends yet again and make a re decision

Whilst all this the market is not seen to be stable and maybe such trends continue to slog the market for a very long time. But in the coming months, we really hope to see that there is some kinda stability in the market!!

[jtipt]

That's a weirdly specific value. Did you see an analysis that says Bitcoin will bottom down at $7000? $8500 is perfectly fine for investing and even day trading in my opinion.

Nah I don't think $7k is specific. OP probably just chose the next 1000 multiple from the market low of past few days, which is around $8k I think.
Anyways OP if you want to buy then this is good time as any, and being a holder I would advise this at any price lol.

[Denker]

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

I'm not waiting for the price to drop to a certain level.
That's not how it works, at least not for me.
On the way down I'm averaging in. Just bougt a little bit around 8360. Waiting for a bit more of a bounce and I will sell that amount again.
And if we break below 8k I will buy more and hold. If we go lower I will buy a bit more.
Catching the bottom or the ultimate low is extremely difficult. Buy a bit each 1-2% we go lower if you can. And sell a bit in the bounces.

[harizen]

People are very cautious investing in Cryptocoins. I know some people are waiting for BTC price drops under $7,000 for them to invest in BTC. Are you also waiting for this moment?

No. There is no such thing as target price for me. It will all depend on my own factor and consideration.

Newcomers who want to make an entry preferred to wait for much lowered price based on their preferences but at most of the cases, regret follows. Waiting too much for target price to make a new entry especially on bitcoin sometimes wrecked people's plan and strategy.

If they know the risks the moment they put money, then just go ahead at any price level. When I say "risks" meaning not all things can be favorable to us.

[Rath_]

Is there any reason for Bitcoin price to continue going down beside Mt.Gox selling out what he managed to hord? I don't really think so. Lately, there weren't any huge events around Bitcoin. There is no need for an another hard fork. Transactions are really cheap, even 1 satoshi per byte. I don't think that Bitcoin will go under 7 thousand dollars again but it also won't increase unless something that could bring investors attention happens. It would be better for Bitcoin to stay like this, Lightning Network developers won't have to rush.

[Bonsaiav]

For me there is no aggravating effect because i stand between the two both as a buyer and seller. So I can take advantage of these two sessions either in the event of a downturn as well as the occurrence of the increase. This is another bitcoin feature, under any circumstances bitcoin always gives the effect of benefit on each of its users.

[sjefdeklerk]

Is there any reason for Bitcoin price to continue going down beside Mt.Gox selling out what he managed to hord?

Well apart from the fact that Google is now banning advertisements, which Facebook already did, less and less people are using it, transactions are going down steadily, the number of shops accepting it decreases, governments are banning it (China, Indonesia, Ecuador, Bolivia, Algeria, Nepal, Bangladesh, Cambodia, Vietnam, Macedonia) or heavily regulating it (most others, last being USA), energy consumption is becoming a real problem and that the maximum amount of transactions is stuck at 14/second, it doesn't scale and that SWIFT said blockchain is currently not usable as payment system ? Hmm.... Not sure if I missed something.

[ibuddy122505]

It's a volatile market and many negative news attempt on Botcoin. Personally, I think btc is heading to the went down under $7k. I just sold some in hopes of buying it back lower soon.

[UnDerDoG81]

Horrible times are coming. Would not wonder if we see sub 5k. Even sub 2k. No analysis, just past experiences.
We are following the same pattern as after the 2014 crash.

Will hodl of course but very sad stuff.

[sjefdeklerk]

Will hodl of course but very sad stuff.

Well at least it's going to be very good for the environment if we finally can stop with this nonesense. Countries like Iceland are now wasting more energy on bitcoin than on their whole economy!! And then those same people mining bitcoin b*tch at Trump, that's just hilarious. In a sad way though.

[grimesrhymes]

It would seem that a lot of people are, the whales will be taking advantage of the FUD from Mt. Gox as well as the google news and the upcoming uncertainty over the G20 summit on the 18th. All of these are contributing to this bear market and it looks like the price will dip below 8k soon.

[richardsNY]

Horrible times are coming. Would not wonder if we see sub 5k. Even sub 2k. No analysis, just past experiences.
We are following the same pattern as after the 2014 crash.

Horrible times? I see fantastic times coming in! It's impossible to compare the situation back then with how things are playing out right now. The only thing that might justify a slight comparison, is the fact that after a massive bull run, the demand is rightfully decreasing. In order to sustain the market at certain levels, the sentiment needs to be on par, and based on how people see the market technically has taken a massive hit, it translates into a market in decline. It's impossible to say where this will end, but basing it on my analysis of the market, today's dump will likely result in the market to visit levels under $8000 in the coming days. It has broken through a very important resistance level, and we'll see the results very soon.

[Rath_]

Well apart from the fact that Google is now banning advertisements, which Facebook already did, less and less people are using it, transactions are going down steadily, the number of shops accepting it decreases, governments are banning it (China, Indonesia, Ecuador, Bolivia, Algeria, Nepal, Bangladesh, Cambodia, Vietnam, Macedonia) or heavily regulating it (most others, last being USA), energy consumption is becoming a real problem and that the maximum amount of transactions is stuck at 14/second, it doesn't scale and that SWIFT said blockchain is currently not usable as payment system ? Hmm.... Not sure if I missed something.

These countries (beside China) should worry about the state of their economy, not about Bitcoin which was one of the best choice for their citizens. I agree with you that the current maximum amount of transactions is not enough. That's why I said that it would be the best for Bitcoin to stay at this price point. Lightning Network developers would have more time to polish their software and make sure that it doesn't have any bugs. I don't see anything wrong in banning crypto-related advertisements. Most of them were scams or cloud mining services anyway.